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Stock Market & Financial Investment News

News Breaks
May 23, 2014
14:13 EDTPUBGY, OMC, IPGInterpublic Group price target raised to $22 from $20 at Argus
Argus increased its price target on Interpublic Group (IPG) after the company reported stronger than expected Q1 results. The firm expects the company to benefit from the failed merger between Omnicom (OMC) and Publicis (PUBGY) and keeps a Buy rating on Interpublic shares.
News For IPG;OMC;PUBGY From The Last 14 Days
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July 25, 2014
10:02 EDTIPGOn The Fly: Analyst Downgrade Summary
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05:47 EDTIPGInterpublic Group downgraded to Neutral from Overweight at Atlantic Equities
Atlantic Equities downgraded Interpublic Group due to valuation.
July 24, 2014
11:09 EDTOMC, PUBGY, IPGElliott to call on Interpublic to sell to rival, DealBook says
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10:57 EDTIPGElliott to push Interpublic Group to put itself up for sale, Bloomberg says
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09:17 EDTIPGInterpublic Group rallies after activist Elliott reports stake
Elliott Associates reported a 6.7% stake in Interpublic Group (IPG) and stated it seeks to engage in a "constructive dialogue" with the company's board regarding steps to maximize shareholder value. As of July 23, Elliott beneficially owned 5.58M shares of common stock, including 3.675M shares of underlying options. On May 29, CNBC's David Faber that Elliott may be a buyer of Interpublic shares. On June 19, in an interview with the Wall Street Journal, Interpublic CEO Michael Roth downplayed the speculation of an activist investor. Shares of advertising and marketing services company are up 65c, or 3%, to $20.50 in pre-open trading.
09:07 EDTIPGElliott Associates reports 6.7% stake in Interpublic Group
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July 22, 2014
06:52 EDTOMCOmnicom reports Q2 EPS$1.23, consensus $1.17
Reports Q2 revenue $3.87B, consensus $3.8B. Q2 results include $1.8M of pre-tax charges in connection with the proposed merger with Publicis, which are primarily comprised of professional fees. In addition, the effective tax rate for the second quarter reflects the recognition of an income tax benefit of $11.2M related to previously incurred expenses for the proposed merger with Publicis. On May 8, the proposed merger with Publicis was terminated. Prior to the termination of the merger, the majority of the merger costs were capitalized for income tax purposes and the related tax benefits were not recorded. Because the merger was terminated, the merger costs were no longer required to be capitalized for income tax purposes. The net impact of these items on net income available to common shareholders in the second quarter was $9.2M. The impact on diluted EPS was 3c per common share.
06:19 EDTPUBGY, OMCPublicis says might miss FY sales growth target, WSJ reports
Maurice Levy, the CEO of Publicis, says the company may not be able to achieve its FY sales growth target of 4% or more organic revenue growth, the Wall Street Journal reports. Levy says the group's performance has been affected by teams "at times being distracted" by plans to merge with Omnicom (OMC). Publicis and Omnicom called off their proposed $35B merger in May. Reference Link
July 21, 2014
08:11 EDTOMCOmnicom's DAS Group of Companies acquires minority interest in InPress
July 18, 2014
10:52 EDTIPGInterpublic 'well positioned' to exceed 3%-4% organic growth target in FY14
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06:58 EDTIPGInterpublic Group reports Q2 adjusted EPS 25c, consensus 25c
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06:07 EDTIPGInterpublic Group implied volatility of 45 at upper end of index mean range
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July 17, 2014
11:00 EDTOMCHigh option volume stocks
High option volume stocks: OMC FXC TSEM JRJC MAT MTG PRAN SEAS BURL

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